Expertise
Real Estate Tax
Acquisition structuring, investment vehicles, local tax compliance, disposal optimization, transparent estate companies and trust funds.
From acquisition structuring to exit optimization, we advise investors, developers, and institutions on every tax dimension of real estate, with particular expertise on cross-border transactions involving non-resident investors and French residents investing abroad.
Key Services
Acquisition Structuring
We advise investors, developers, and family offices on the optimal structure for acquiring real estate assets, whether through a direct purchase, an SCI, a holding company, a trust or a regulated fund vehicle. Our analysis integrates registration duties, VAT, and ongoing tax costs with the investment horizon, financing structure, and anticipated exit route. For cross-border acquisitions, we address treaty application, withholding tax, and the specific rules governing non-resident investors to ensure a coherent structure from day one.
Investment Vehicles
We structure and advise on real estate investment vehicles including SCPIs, OPCIs, SCI structures, club deals, trusts and institutional funds, ensuring tax efficiency and regulatory compliance at every layer. Our work covers vehicle selection, investor onboarding, income distribution mechanics, and the specific constraints faced by different categories of investors (institutional, sovereign, private). We bring particular depth to trust structures, advising on their creation, tax treatment, and interaction with domestic law regimes. We also advise on the restructuring and conversion of existing vehicles in response to regulatory or market changes.
Local & Real Estate Taxes
We manage the full scope of local and real estate taxation, property taxes, custom duties, real estate VAT regulation, business property levies, and the 3% tax on entities holding French real estate. Our team ensures that every obligation is identified and optimized across both the acquisition and holding phases, preventing unexpected liabilities and securing available exemptions or reductions.
Disposal & Capital Gains Optimization
We structure real estate disposals to maximize the net return advising on capital gains tax regimes, deferral mechanisms, reinvestment provisions, and available exemptions. For complex exits involving multiple assets or jurisdictions, we design disposal sequences and holding period strategies that align with the applicable tax rules. Our approach starts at the acquisition stage, we build exit optimization into the initial structure so that nothing is left on the table when the time comes to sell.
Our Approach
Real estate taxation sits at the intersection of corporate, personal, and local tax law, and in cross-border transactions, treaty provisions add another layer of complexity. We bring together all these dimensions on every mandate, with particular depth on transactions involving non-resident investors.
